The Pretense of Knowledge PaysThe American reptilian brain says the Federal Reserve is critical for managing the economy. The larger thinking brain, if engaged, easily sees that Federal Reserve members are paid for the pretense of knowledge. Are these members the world’s best economists? No, they are the best politicians among the country’s set of economist. The larger thinking brain, again if commissioned to think, easily recognizes their actual role. The genuine role of the Federal Reserve is to carry out political agendas which normally focuses on transferring wealth from the bottom of the income ladder to the top.
Tag Archives: Economics Depression Stock Market Crash
Understanding Monetary Policy
Because economists as a rule believe in the imaginary incentive to serve, they work on the basis that Federal Reserve Open Market Committee members are selflessly doing all they can to do what is right for the economy. Because the … Continue reading
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Can Traders Adapt?
The bison is near extinct as a species because a new predator moved into its living space. The bison herds had no way to adapt fast enough to avoid near extinction. Ordinary securities traders are, as a result of high … Continue reading
The Stock Market Is Cooked
I just want to remind everyone that despite a few days of higher stock prices, the stock market is cooked as is the U.S. Economy. This cannot be prevented. The pillars of free enterprise have been removed and replaced by … Continue reading
Stock Market Crash To Continue
Before the U.S. financial markets open tomorrow morning it is important to remember that all assets, especially stocks are on borrowed time with respect to value. Governments around the globe have spent the last two decades conducting monetary and fiscal … Continue reading
Economic Depressions Follow A Pattern
Economic depressions follow a pattern. Typically the beginning is characterized by stubborn adherence to a number of erroneous beliefs that have made the economic downturn inevitable. Today there is still an almost universal belief that government can create jobs and … Continue reading
Taking the Stock Market Private
So the stock market gets organized support. Is the news bad? If it is the market gets extra support. Is the news good? Then the market get just enough support. I have written a lot to the effect that there … Continue reading →
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